BIDU has reached its bottom for the intermediate Cycle:
In the Ticker Magazine1 interview Gann states, “In going over the history of markets and the great mass of related statistics, it soon becomes apparent that certain laws govern the changes and variations in the value of stocks, and there exists a periodic or cyclic law which is at the back of all these movements. I soon began to note the periodical re-occurrence of the rise and fall of stocks and commodities. This led me to
conclude that natural law was the basis of market movements.”
Gann further, stated, “After exhaustive research and investigations of the known sciences, I discovered that the “Law of Vibration” enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware of either.”
BIDU follows a certain vibration in uptrend and downtrend. Bidu’s vibration is 7 days and multiple thereof. Big leg down are always a minimum of 49 days and bottom to bottom cycle is multiple of 50 days and multiple thereof.
For example, BIDU had bottomed in July 2010 and then next bottom in December 2010, after big decline was 175 days apart (50×3.5) and it was followed by another bottom with similar time cycle of 175 days in June 2011 (from Dec 2010). Similarly, June 2011 bottom to October 2011 bottom, took 50×2 = 100 days. From October 2011 to mid-December 2011 was 50×1.5 time cycle and from the last swing bottom in December to current time, until today (May 14, 2012) 150 days have elapsed that is 50×3. All majority of big decline lasted 49 days. From April 2011 to June 2011 was 49 days, August 2011 high to major bottom in October 2011 took another 49 days. From October 28, 2011 to December 2011 downward swing lasted 49 days. Most recent downward leg started from March 27, 2012 and it completes its 49 days on May 14th, 2012.
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